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    OFF-MARKET
    Land

    2839 Nichols St, Spencerport, NY 14559

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 33.8-acre commercial land parcel, identified by APN 102.01-1-2.1, presents a remarkable investment opportunity in Spencerport, New York. Located at 2839 Nichols St, 14559, this property boasts significant frontage along Union Street (17,510 AADT) and Nichols Street (6,140 AADT), offering unparalleled visibility and accessibility. Its strategic position adjacent to the Spencerport Expressway (Route 531) Exit (30,734 AADT) ensures high traffic volume. Currently zoned GC, the site is being developed into a multi-building plaza and is anchored by a Walgreens at the intersection of South Union and Nichols Streets. Infrastructure improvements include a newly installed sanitary sewer system and DOT-approved plans for a traffic signal and dedicated turn lanes on South Union Street. The seller will consider built-to-suit options, ground leases, and the sale of individual parcels ranging from 1 to 18 acres. This property is ideal for a variety of commercial uses, including quick-service restaurants, car washes, retail establishments, and office spaces, catering to the growing Spencerport/Ogden community. The high visibility, convenient location, and planned infrastructure enhancements make this a truly exceptional opportunity. The property is offered for sale by owner, 2785 Group, LLC.

    Property profile
    Verified
    Property type Land
    Lot 1 ac (43,560 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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